Pearl Business Bright for Qatar

Pearl of Qatar photo by Kari

Pearl Business Bright for Qatar

The business of pearls in the region, particularly in Qatar, is bound to record remarkable growth in coming years, says Hussain Alfardan, a prominent Qatari entrepreneur and chairman of Alfardan Group of Companies.Speaking to Gulf Times yesterday on the last day of the 9th Doha Jewellery and Watches Exhibition, the pearl businessman expressed the hope that pearl trading in the region would grow further.

“It is heartening indeed to find that a number of Qatari youngsters are also showing keen interest in the pearl business which used to be the main money-earner for the region’s residents before the discovery of oil,” he said.The kind of support that the government is extending to the traders through exhibitions and similar incentives will motivate businessmen, including new entrants, to remain more active in the future, said Hussain Alfardan, who is adjudged as one of the largest collectors of pearls in the world.

“Pearls used to be not only our main source of income but were also perhaps the only source of income for a large section of the region’s population. How could one forget all of a sudden such an immense money-spinner or perhaps the chief source of income for a large population through many generations,” said the head of the multi-billion Alfardan Group which has stakes in diverse areas of businesses across the region.